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HILCO INDUSTRIAL ANNOUNCES UPCOMING SALE OF INTELLECTUAL PROPERTY OF DORAL INTERNATIONAL, GRAND MERE, QUEBEC, CANADA

NORTHBROOK, Ill., June 14, 2016 (GLOBE NEWSWIRE) -- Hilco Industrial (www.hilcoind.com), a unit of Hilco Global, announced the June 28, 2016 sale of the assets of Doral International. The sale will be conducted in two phases. The first phase is a unique opportunity to purchase all of the assets of this renowned boat manufacturer on a turkey basis through a private treaty sale. The second phase will be a live, webcast auction of all assets not sold in the turnkey offering. Detailed information can be found on the Hilco Industrial website: www.hilcoind.com .

Some of the assets to be sold include: Doral Intellectual Property such as brand name, complete mold sets for (15) boat models from 17' to 45', drawings & designs, raw material and parts inventory, WIP, and all manufacturing assets. Featured assets include: $1,000,000 Inventory; Travel Boat Lift; Forklifts; (46) New Boat Trailers; Overhead Multi-Spindle Router; Woodworking Equipment; Fiberglass Applicators; Hand & Power Tools; General Plant & Production Support Equipment; and more. View the lot catalog for a complete listing of the assets.

Doral International Inc. manufactured sport yachts, express cruisers, and sport boats, offering its products through dealers in Canada and the United States. The company was founded in 1972 and based in Grand Mere, Canada. The one-time leader of Quebec's nautical industry was hit hard during the 2007 recession. Previously, the company benefitted from a favorable exchange rate to rival foreign companies for sales within Canada. But with the rise of the Canadian dollar, this advantage plummeted. After several attempts to revive the company, the manufacturer filed for bankruptcy protection last year. Hilco Industrial was hired to manage the disposition and sale process.

For more information on the sales processes and assets available visit www.hilcoind.com or contact:

John Sharp
Hilco Industrial
Email: jsharpe@hilcoglobal.com
Telephone: +1 416-252-1955

A preview of the assets is scheduled on June 27, 2016 between 9:00 am - 5:00 pm ET or earlier by appointment.

About Hilco Industrial: Hilco Industrial (www.hilcoind.com) provides industrial asset disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales. It sells the broad range of industrial assets found in manufacturing, wholesale and distribution companies. Hilco Industrial performs dispositions through on-site, online and combination webcast auction sale events as well as negotiated (private treaty) sales. In addition to providing services on a fee or commission basis, Hilco Industrial has capital to put at risk and often acquires assets or provides guarantees. Hilco Industrial is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory, operational consulting and strategic capital equity investments.

Media Contact:
Gary Epstein
EVP-CMO
Hilco Global
Office: 847-418-2712
Mobile: 847-323-4943
Email: gepstein@hilcoglobal.com

CONTACT: Gary Epstein Chief Marketing Officer Hilco Global (847) 418- 2712 gepstein@hilcoglobal.com

Source: Hilco Global